Morgan Stanley Crowns Nvidia As Top AI Stock Pick, Warns Of Potential Market Headwind Amid AI-Driven Rally
Portfolio Pulse from AJ Fabino
Morgan Stanley has revised its ranking of AI stocks, positioning Nvidia as its new top pick due to its potential for near-term growth in the AI sector. The firm upgraded price targets for Nvidia, AMD, Marvell Technology, and Intel Corporation.
June 16, 2023 | 3:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Morgan Stanley maintains a bullish outlook on AMD's AI opportunity, foreseeing 2024 as the year for significant impact, and upgrades its price target from $97 to $138.
Morgan Stanley's upgrade of AMD's price target and maintaining a bullish outlook on its AI opportunity indicates a positive sentiment towards the stock. This is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Morgan Stanley upgrades Intel Corporation's price target from $31 to $38, indicating a positive outlook on the company.
Morgan Stanley's upgrade of Intel Corporation's price target indicates a positive outlook on the company. This is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Morgan Stanley upgrades Marvell Technology's price target from $55 to $68, indicating a positive outlook on the company.
Morgan Stanley's upgrade of Marvell Technology's price target indicates a positive outlook on the company. This is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Morgan Stanley positions Nvidia as its new top AI stock pick, upgrading its price target from $450 to $500 due to near-term growth potential in the AI sector.
Morgan Stanley's upgrade of Nvidia's price target and positioning it as the top AI stock pick is based on its near-term growth potential in the AI sector. This is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100